Common use of Releases of Guarantees Clause in Contracts

Releases of Guarantees. (a) If the Securities are defeased in accordance with the terms of Article 4 of this Indenture, then each Guarantor shall be deemed to have been released from and discharged of its obligations under its Guarantee as provided in Article 4 hereof, subject to the conditions stated therein. (b) In the event an entity that is a Guarantor ceases to be a guarantor under the Senior Credit Agreement, as amended (or any other credit agreement renewing, refunding, replacing, restating, refinancing or extending the Senior Credit Agreement), such entity shall also cease to be a Guarantor, whether or not a Default or an Event of Default is then outstanding. (c) Any Guarantor not released from its obligations under its Guarantee shall remain liable for the full amount of principal of, premium, if any, and interest on the Securities and for the other obligations of the Company, such Guarantor and any other Guarantor under this Indenture as provided in this Article 12.

Releases of Guarantees. (a) If the Securities are defeased in accordance with the terms of Article 4 VIII of this Indenture, then each Guarantor shall be deemed to have been released from and discharged of its obligations under its Guarantee as provided in Article 4 VIII hereof, subject to the conditions stated therein. (b) In the event an entity that is a Guarantor ceases to be a guarantor under the Senior Credit Agreement, as amended Agreement (or any other credit agreement renewing, refunding, replacing, restating, refinancing or extending the Senior Credit Agreement), such entity shall also cease to be a Guarantor, whether or not a Default or an Event of Default is then outstanding. (c) Any Guarantor not released from its obligations under its Guarantee shall remain liable for the full amount of principal of, premium, if any, and interest on the Securities and for the other obligations of the Company, such Guarantor and any other Guarantor under this Indenture as provided in this Article 12.X.

Releases of Guarantees. (a) If the Securities are ---------------------- defeased in accordance with the terms of Article 4 VIII of this Indenture, then each Guarantor shall be deemed to have been released from and discharged of its obligations under its Guarantee as provided in Article 4 VIII hereof, subject to the conditions stated therein. (b) In the event an entity that is a Guarantor ceases to be a guarantor under the Senior Credit AgreementAgreements, as amended (or any other credit agreement renewing, refunding, replacing, restating, refinancing or extending the Senior Credit AgreementAgreements), such entity shall also cease to be a Guarantor, whether or not a Default or an Event of Default is then outstanding. (c) Any Guarantor not released from its obligations under its Guarantee shall remain liable for the full amount of principal of, premium, if any, and interest on the Securities and for the other obligations of the Company, such Guarantor and any other Guarantor under this Indenture as provided in this Article 12.X.

Releases of Guarantees. (a) If the Securities are defeased ---------------------- in accordance with the terms of Article 4 13 of this the Indenture, then each Guarantor shall be deemed to have been released from and discharged of its obligations under its Guarantee as provided in Article 4 hereof13 of the Indenture, applied mutaris mutandis, subject to the conditions stated state therein. (b) In the event an entity that is a Guarantor ceases to be a guarantor under the Senior Credit Agreement, as amended Agreement (or any other credit agreement renewing, refunding, replacing, restating, refinancing or extending the Senior Credit Agreement), such entity shall also cease to be a Guarantor, whether or not a Default or an Event of Default is then outstanding. (c) Any Guarantor not released from its obligations under its Guarantee shall remain liable for the full amount of principal of, premium, if any, and interest on the Securities and for the other obligations of the Company, such Guarantor and any other Guarantor under this the Indenture as provided in this Article 124.